J. M. Smucker (NYSE:SJM) Posts Earnings Results, Beats Expectations By $0.25 EPS

J. M. Smucker (NYSE:SJM) announced its earnings results on Tuesday, November 26th. The company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25, Briefing.com reports. J. M. Smucker had a return on equity of 14.35% and a net margin of 5.96%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the firm earned $2.59 earnings per share. The business’s revenue was up 17.2% compared to the same quarter last year. J. M. Smucker updated its FY 2025 guidance to 9.700-10.100 EPS and its FY25 guidance to $9.70-10.10 EPS.

J. M. Smucker Stock Down 1.9 %

Shares of NYSE:SJM traded down $2.27 during midday trading on Tuesday, hitting $117.31. 1,279,018 shares of the company’s stock were exchanged, compared to its average volume of 1,179,823. J. M. Smucker has a 12 month low of $105.69 and a 12 month high of $134.62. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.58 and a quick ratio of 0.27. The stock has a 50 day moving average price of $116.35 and a 200-day moving average price of $115.67. The company has a market cap of $12.48 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 3.37 and a beta of 0.26.

J. M. Smucker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $1.08 per share. The ex-dividend date was Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.68%. J. M. Smucker’s payout ratio is 87.45%.

Analysts Set New Price Targets

Several brokerages have commented on SJM. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research report on Monday, September 30th. TD Cowen dropped their price objective on J. M. Smucker from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Citigroup reduced their price objective on J. M. Smucker from $138.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus lowered J. M. Smucker from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $125.00 in a research report on Friday, October 25th. Finally, Bank of America lowered their price objective on J. M. Smucker from $130.00 to $122.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $128.00.

About J. M. Smucker

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.